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8 | Delta | Current Price | |||||||||
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10 | ITM Calls | OTM Calls | |||||||||
11 | Positive Delta | Push price up when getting hedged Pull price down when getting dehedged Act as a stabilizing force Become OTM put delta when dehedged Will be hedged aggressively when close to expiration Delta will be 1 on expiration | Pull price up when getting hedged Push price down when getting dehedged Act as a destabilizing force Become ITM put delta when dehedged Will be de-hedged aggressively when close to expiration Delta will be 0 on expiration | ||||||||
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19 | Negative Delta | Push price up when getting dehedged Pull price down when getting hedged Act as a destabilizing force Become ITM call delta when dehedged Will be de-hedged aggressively when close to expiration Delta will be 0 on expiration | Pull price up when getting dehedged Push price down when getting hedged Act as a stabilizing force Become OTM call delta when dehedged Will be hedged aggressively when close to expiration Delta will be -1 on expiration (equivalent to 1) | ||||||||
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27 | OTM Puts | ITM Puts | |||||||||
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30 | Strike | ||||||||||
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